Himax Technologies, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results; Provides First Quarter 2017 Guidance
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Himax Technologies, Inc. | |
Unaudited
Condensed
Consolidated Statements of Cash Flows | |
(
Amounts
in
T
housands of U
.
S
.
D
ollars) | |
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|
|
|
Twelve
Months
Ended
December
3
1
, | |
|
|
|
| |
201
6 | |
| |
2015 | | |
Cash flows from financing activities: | | | | | | | | Payments of cash dividends | | | | $ | (22,348 | ) | | $ | (51,364 | ) | | Excess tax benefits from share-based compensation | | | | | --- | | | | 771 | | | Proceeds from disposals of subsidiary shares to noncontrolling interests by Himax Imaging, Inc. | | | | | 9 | | | | 22 | | | Purchases of subsidiary shares from noncontrolling interests | | | | | (376 | ) | | | (503 | ) | | Releases (pledges) of restricted cash, cash equivalents and marketable securities (for borrowing of short-term debt) | | | | | 42,000 | | | | (50,000 | ) | | Proceeds from issuance of new shares by subsidiaries | | | | | --- | | | | 1,466 | | | Proceeds from short-term debt | | | | | 230,000 | | | | 412,303 | | | Repayments of short-term debt | | | | | (272,000 | ) | | | (362,303 | ) | |
Net cash
used in
financing activities |
| | | | (22,715 | ) | | | (49,608 | ) | |
Effect of
foreign currency
exchange rate change
s on cash and cash equivalents | | | | | (207 | ) | | | (216 | ) | |
Net
inc
rease
(decrease) in cash and cash equivalents |
| | | | 54,623 | | | | (55,637 | ) | |
Cash and cash equivalents at beginning of period | | | | | 129,829 | | | | 185,466 | | |
Cash and cash equivalents at end of period |
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|
|
$ |
1
84,452 | |
|
$ |
1
29,829 | | | |
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|
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Supplemental disclosures of cash flow information: |
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| | Cash paid during the period for: |
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|
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| | Interest expense |
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|
|
$ |
637 | |
|
$ |
516 | | | Income taxes |
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|
|
$ |
11,534 | |
|
$ |
12,505 | | | |
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Supplemental disclosures of
investing activities affecting both cash and non-cash items
: |
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| | Purchases of property, plant and equipment |
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|
| $ | 6,570 | |
| $ | 10,567 | | | Decrease (increase) in payable for purchases of equipment and asset retirement obligations |
|
|
| | 1,332 | |
| | (585 | ) | | Cash paid |
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|
|
$ |
7,902 | |
|
$ |
9,982 | | | |
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